Reported 5 months ago
The Securities and Exchange Commission (SEC) is nearing a decision on approving an ether ETF, with expectations driving crypto prices up. Matt Ballensweig of BitGo Go Network predicts SEC approval, citing recent legislative support for digital currencies. He anticipates a surge in demand for an ether ETF, paralleling the success of Bitcoin ETFs, which could lead to Ethereum reaching all-time highs, potentially hitting a $5000 price point within the next 12 months.
Source: YAHOO